The most important things to consider before deciding the best forex broker for you:

The regulation:

For Australian based traders, ASIC regulation is the best regulation. In general, it is better to find ASIC regulated forex broker. Other strong regulations include the USA: NFA and CTFC and the UK: FCA. Other regulations are not that strong, so we do not recommend them. For your safety, take it as a general advice: ” Never deal with unregulated forex broker”.

The spread ( the difference between the selling and buying price):

Low spreads and commissions are major advantages to consider when looking for an online broker. Most of the trusted forex brokers offer tight spreads and low commissions. So if you ended with a broker charging substantial commissions, you should leave that broker as soon as possible. It can be a scam sign or simply a depletion of your capital investment.

The trading platform:

Trading platforms are the link between you as a trader and the global market, so you should ensure it is the best trading platform. The most trusted trading platforms have some unique features including

Fast execution of the trading orders.

Charting and analysis tools including the technical indicators which can be used for technical analysis. Technical is one of three forex markets analysis including the fundamental, technical and sentinel analysis.

The variety of tradeable assets:

Variety of the trading option is a positive feature of forex brokers which enables to invest in different markets. You should consider the brokers who offer trading forex, minerals, CFDs, and cryptocurrency.

The minimum deposit:

Your initial investment sometimes matters espically if you are looking for the best forex broker for beginners who want to start online trading.

The max leverage and the margin requirements:

Leverage is also useful but a dangerous feature. The leverage is with you when you win but against you when you lose. So it will maximise your profit and your losses, so you should be careful when you select your leverage.

The technical support:

Customer support of the trusted forex brokers are professional in resolving customer inquiries, and they should be available 24hours daily when the forex market is open.